Cognitive biases are not the same things as fallacies. 

Hannah is older than Madison which leads to the fact that Madison is the youngest. This follows from the fact also that Nicole is older than Hannah.

David F. Perkis, “The Science of Supply and Demand,” Federal Reserve Bank of St. Louis Page One Economics, March 1, 2021.

Did you read the Article before attempting the exam?

How many of the following accounts DECREASE with a DEBIT? Dividends Prepaid Utilities Accounts Payable Deferred Revenue Accounts Receivable Sales Revenue Cost of Goods Sold Retained Earnings Common Stock Property, Plant, and Equipment Supplies 

How many of the following accounts DECREASE with a DEBIT? Dividends Prepaid Utilities Accounts Payable Deferred Revenue Accounts Receivable Sales Revenue Cost of Goods Sold Retained Earnings Common Stock Property, Plant, and Equipment Supplies 

Often, the implementation of a new project will require additional investment in working capital. Which of the following is FALSE with respect to working capital?

Which of the following is TRUE of sensitivity analysis?

Often, the implementation of a new project will require additional investment in working capital. Which of the following is FALSE with respect to working capital?

Which of the following is TRUE of sensitivity analysis?